WESTCHESTER COUNTY, N.Y. -- High-end health club giant Life Time Fitness, with a location in Harrison, has agreed to be bought out by two private equity firms for more than $4 billion, according to the Minneapolis/St. Paul Business Journal.
The two largest firms involved in the purchase are Leonard Green & Partners and TPG, but other investors include LNK Partners and Bahram Akradi,who is the CEO of the company and laid out $125 million worth of stock to get in on the deal, the Minneapolis/St. Paul Business Journal said.
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